Oct 23 (Reuters) - Meridian Energy Ltd (MEL) :
- SMELTER OWNER RIO TINTO INITIATES STRATEGIC REVIEW
- RIO TINTO HAS ADVISED MERIDIAN THAT IT WILL PROVIDE MARKET WITH AN UPDATE ON STRATEGIC REVIEW BY END OF Q1 IN 2020
- RIO TINTO INTENDS TO INITIATE A STRATEGIC REVIEW OF NEW ZEALAND ALUMINIUM SMELTERS
- REVIEW WILL CONSIDER ALL OPTIONS FOR FUTURE OF SMELTER, INCLUDING OPTION OF CLOSURE
- ELECTRICITY CONTRACT BETWEEN CO& NZAS ALLOWS FOR FULL TERMINATION OR FOR NZAS TO REDUCE CONSUMPTION FROM 572MW TO 400MW
- ADVISED BY NEW ZEALAND ALUMINIUM SMELTERS MAJOR SHAREHOLDER RIO TINTO, THAT THEY INTEND TO INITIATE A STRATEGIC REVIEW OF SMELTER
- REMAIN OPEN TO NEGOTIATING WITH NEW ZEALAND ALUMINIUM SMELTERS LIMITED & ITS SHAREHOLDERS ON LONG-TERM REQUIREMENTS FOR THE SMELTER
- IN EVENT OF CLOSURE, SMELTER OWNERS TO INCUR SIGNIFICANT REMEDIATION COSTS, RECENTLY SEEN BY NZAS IN REGION OF NZ$256 MILLION
Oct 23 (Reuters) - Meridian Energy Ltd (MEL) : SMELTER OWNER...
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Last
$115.44 |
Change
1.200(1.05%) |
Mkt cap ! $42.85B | |||
| Open | High | Low | Value | Volume |
| $114.00 | $116.08 | $113.56 | $130.6M | 1.134M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2068 | $115.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.61 | 7000 | 1 |
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| RIO (ASX) Chart |